News Archives

Carolina Panthers Reach 15-Year Deal with Charlotte

February 8th, 2013 at 9:19 PM
By Jesse Collin

The Carolina Panthers and Charlotte have reached a deal to keep the team in the city for the next 15 years.

'inside Carolina Panthers stadium' photo (c) 2011, Alex G. - license: http://creativecommons.org/licenses/by/2.0/

The terms of the deal require the city to pay $143.75 million from a food and beverage tax hike to fund the majority of the upgrades to Bank of America Stadium, according to the Charlotte Observer. The provisional agreement would include $62.5 from the state (not yet been finalized).

The money, which would be paid over a 15-year period, will require the Panthers to stay in Charlotte during that time.

 

Tags: Carolina, Carolina Panthers, Football, NFL

No related posts.

Leave a Reply

You must be logged in to post a comment.

Login with: